Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently commented on the company. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a report on Friday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Finally, TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Vermilion Energy Trading Up 5.0%

Shares of NYSE:VET opened at $8.36 on Friday. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.84 and a current ratio of 1.94. The company has a market capitalization of $1.28 billion, a P/E ratio of -9.61 and a beta of 1.13. The company has a 50-day simple moving average of $7.70 and a 200 day simple moving average of $7.46.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. Sell-side analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VET. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vermilion Energy in the 1st quarter valued at $166,000. Envestnet Asset Management Inc. lifted its position in shares of Vermilion Energy by 24.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 123,397 shares of the oil and gas company’s stock worth $1,000,000 after buying an additional 24,079 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Vermilion Energy by 45.2% in the first quarter. Y Intercept Hong Kong Ltd now owns 21,007 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 6,538 shares in the last quarter. Lincluden Management Ltd. grew its position in Vermilion Energy by 4.3% in the first quarter. Lincluden Management Ltd. now owns 284,571 shares of the oil and gas company’s stock valued at $2,304,000 after acquiring an additional 11,708 shares during the last quarter. Finally, Royce & Associates LP grew its position in Vermilion Energy by 4.5% in the first quarter. Royce & Associates LP now owns 959,630 shares of the oil and gas company’s stock valued at $7,769,000 after acquiring an additional 41,390 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.